CHICAGO, Feb. 8, 2021 /PRNewswire/ -- Cboe Global Markets,
Inc. (Cboe: CBOE), a market operator and global trading solutions
provider, today announced plans to introduce early trading on
Cboe EDGX Equities Exchange beginning at 4:00 a.m. ET, with order acceptance beginning at
3:30 a.m. ET, starting
Monday, March 8, pending regulatory
approval.
Currently, Cboe EDGX commences its early trading session at
7:00 a.m. ET and begins accepting
orders at 6:00 a.m. ET. The move to
expand early trading hours on Cboe EDGX, beginning March 8, aims to meet growing customer demand
particularly among retail investors throughout the world, who seek
to execute their trading strategies on Cboe's U.S. equities markets
during global trading hours.
Cboe EDGX is one of the fastest growing equities exchanges in
the U.S., averaging 705 million shares traded per day in 2020. The
Exchange aims to cater to a broad set of market participants and
offers innovative product offerings that are tailored to their
various trading needs. In particular, Cboe's Retail Priority
offering is designed to enhance execution quality for the growing
retail customer base, which now comprises approximately 50 percent
of monthly trading volumes on Cboe EDGX.
Adam Inzirillo, Senior Vice
President and Head of North American Equities, said: "We have
demonstrated strong success engaging the retail trading community
on Cboe EDGX Exchange through our Retail Priority offering, and are
excited to further expand investor access to our markets through
our planned extended early trading hours. As retail investors
increasingly turn to Cboe EDGX as their trading venue of choice, we
remain focused on delivering continued product innovation,
industry-leading technology and superior service to help
meet all their trading needs."
To support early trading on Cboe EDGX, the startup time for Cboe
EDGX market data feeds as well as the Cboe One Feed is also planned
to be updated to occur between 2:40 and 2:50
a.m. ET, beginning March 8.
Cboe One Feed, available to customers globally, provides
cost-effective, high quality, real-time U.S. equities reference
quote and trade information from all four of Cboe's U.S. equities
exchanges: BZX Exchange, BYX Exchange, EDGX Exchange and EDGA
Exchange. Cboe One Feed disseminates quotes that in 2020 have
been, on average, within 1 percent of the National Best Bid and
Offer (NBBO) more than 98 percent of the time.
Cboe is one of the largest exchange operators for U.S. equities
trading, accounting for approximately 16.8% percent of total market
share in continuous trading (excluding auctions) in 2020.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE) provides cutting-edge trading
and investment solutions to market participants around the world.
The company is committed to defining markets through product
innovation, leading edge technology and seamless trading
solutions.
The company offers trading across a diverse range of products in
multiple asset classes and geographies, including options, futures,
U.S., Canadian and European equities, exchange-traded products
(ETPs), global foreign exchange (FX) and volatility products based
on the Cboe Volatility Index® (VIX® Index), recognized as
the world's premier gauge of U.S. equity market volatility.
Cboe's subsidiaries include the largest options exchange and the
third largest stock exchange operator in the U.S. In addition, the
company operates one of the largest stock exchanges by value traded
in Europe, and owns EuroCCP, a
leading pan-European equities clearing house. Cboe also is a
leading market globally for ETP listings and
trading.
The company is headquartered in Chicago with a network of domestic and global
offices across the Americas, Europe and Asia, including main hubs in New York, London, Kansas
City and Amsterdam. For
more information, visit www.cboe.com.
Media
Contacts
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Analyst
Contact
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Angela
Tu
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Tim
Cave
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Debbie
Koopman
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+1-646-856-8734
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+44 (0)
7593-506-719
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+1-312-786-7136
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atu@cboe.com
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tcave@cboe.com
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dkoopman@cboe.com
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CBOE-C
CBOE-EF
Cboe®, Cboe Volatility Index®, Cboe Global Markets®,
EDGX®, and VIX® are registered trademarks of Cboe Exchange,
Inc. All other trademarks and service marks are the property
of their respective owners.
Cautionary Statements Regarding Forward-Looking
Information
Certain information contained in this press
release may constitute forward-looking statements. We caution
readers not to place undue reliance on any forward-looking
statements, which speak only as of the date made and are subject to
a number of risks and uncertainties.
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SOURCE Cboe Global Markets, Inc.